Fitch Ratings - London - 15 Mar 2022: Fitch Ratings has affirmed The North American Development Bank's Long-Term Issuer Default Rating (IDR) at 'AA' and Short-Term IDR at 'F1+'. The issue ratings on NADB's senior unsecured bonds are also affirmed at 'AA'. The Outlook on the Long-Term IDR is Stable.
NADBank will provide US$200,000 in technical assistance for a needs assessment of Nuevo Laredo’s wastewater treatment plants.
The North American Development Bank (NADBank) and the Village of Vinton, Texas hosted a groundbreaking ceremony for two projects that will provide new drinking water distribution and wastewater collection and will include the decommission of on-site septic systems. The total estimated project costs of both projects is US$20.44 million.
San Antonio, Texas – The North American Development Bank (NADBank) and Sol Orchard Imperial 1, LLC executed a US$22.9 million loan increase to support capital investments, including replacement of all the inverters in the El Centro Solar Park, owned by Excelsior Energy Capital, in El Centro, California, to increase energy production.
Moody's has now completed the periodic review of a group of issuers that includes the North American Development Bank and may include related ratings through a discussion held on 3 November 2021. The review did not involve a rating committee, and this publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future; credit ratings and/or outlook status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
The U.S. Environmental Protection Agency (EPA), in coordination with the North American Development Bank (NADB), has selected eight environmental and public health projects to be implemented on both sides of the border through the new Border 2025 U.S.- Mexico Environmental Program.
NADB is pleased to announce a Request for Proposals (RFP) for projects in the New Mexico-Texas-Chihuahua and Texas-Coahuila-Nuevo Leon-Tamaulipas border regions. The projects selected under this RFP will meet the goals and objectives of the Border 2025 U.S.-Mexico Environmental Program, whose mission is to protect the environment and public health in the U.S.-Mexico border region. The U.S. Environmental Protection Agency (USEPA) Region 6 and NADB will be hosting four ZOOM webinars.
NADB and the Agua Special Utility District (Agua SUD) signed a US$1.79 million loan agreement for the refinancing of existing debt that will help the utility reduce debt service obligations and increase available cash flows for the maintenance and operation of existing infrastructure. This operation will also lessen the need to raise rates and help the utility to continue providing water and wastewater services for the benefit of its customers in the communities of Hidalgo and Starr Counties in Texas.